Sheldon Adelson Net Worth

Introduction

Sheldon Gary Adelson is an American investor, businessman, and philanthropist from Boston.

Adelson initially gained recognition when he developed the computer trade shows COMDEX in 1970. He is also the founder and chief executive officer of Las Vegas Sands Corporation and Marina Bay Sands in Singapore.

Sheldon Adelson’s net worth is approximately $35 Billion, making him one of the richest businessmen in the world. He has influenced many by his amazing work as an entrepreneur and investor.

Early Life

Sheldon Gary Adelson was born in Boston, Massachusetts on the 4th of August, 1933. Adelson was born into a low-income family in the Dorchester. He is the son of Arthur and Sarah Adelson. His mother ran a knitting shop and his father was a taxi driver.

Adelson started his early career at the age of 12 when he borrowed money from his uncle to start a license to sell a newspaper in Boston. Adelson attended City College of New York but dropped out later because he wanted to focus on his career as an entrepreneur.

Career

Sheldon Adelson had his big break in 1979 when he started to create COMDEX (Computer Dealers Exhibition) which was his first entrepreneurial work. His incredible work became the top computer trade show. The show expanded to other cities and lasted for many years.

In 1988 Adelson became an investor in his first casino by purchasing the aging Sands Casino. During the same time, the Venetian Casino was contracted. The casino is today one of many facilities that are part of the largest resorts in the world.

In 1991 Adelson met his second wife, Miriam who was a physician specializing in drug abuse treatment. A few years later he was one of only two American to receive a license from the Chinese government.

A few years later Adelson opened a massive $5.7 billion casino complex in Singapore. Sky Park was one of the multiple stories above the city. Despite having developed a vast casino empire. He was still waiting to obtain operating rights.

Adelson is planning to erect a casino resort complex costing more than $10 billion.

As of 2018, Sheldon Adelson’s net worth is roughly $35 billion dollars, making him one of the richest investors and entrepreneurs in the world.

Highlights

Here are some of the best highlights of Sheldon Adelson’s career:

COMDEX (1970)

Sands Hotel and Casino (1988)

The Venetian (1991)

SoftBank Corporation (1995)

Casino Resort (2000)

Venetian Macao (2007)

Marina Bay Sands (2010)

Favorite Quotes from Sheldon Adelson

“An entrepreneur is born with the mentality to take risks, though there are several important characteristics: courage, faith in yourself, and above all, even when you fail, to learn from failure and get up and try again.”– Sheldon Adelson

“For me, businesses are like buses. You stand on a corner and you don’t like where the first bus is going? Wait ten minutes and take another. Don’t like that one? They’ll just keep coming. There’s no end to buses or businesses.”– Sheldon Adelson

“For those who wish to stay and work in computer science or technology, fields badly in need of their services, let’s roll out the welcome mat. Why is it fair that I should be paying a higher percentage of taxes than anyone else?”– Sheldon Adelson